Myths About Motorcycle Insurance

​If you're a motorcycle rider, you should know that insurance is important. But what do you know about motorcycle insurance? Many myths and misconceptions exist. This article will discuss some of the most common myths about motorcycle insurance and dispel them. So read on to learn more!

1. A Minimum Amount of Insurance is Sufficient
   Many motorists believe that the minimum level of coverage mandated is sufficient. But even so, many drivers who seek to save a little money by carrying the least amount of insurance find that it frequently becomes more expensive when accidents happen.
   
   
2. Winter Cancellation Will Save You Money
   You won't have any coverage if your motorcycle is lost or damaged if you cancel your insurance during the winter when you aren't riding. Motorcycle damage is not covered by home insurance. Due to the coverage gap, you might also have to pay extra when you get a new policy in the summer. Given that your insurance is canceled, you might even have your registration suspended.
   
   
3. Your Friend's Insurance Will Cover the Bike if You Lend it
   Even if you give out your motorcycle, it still impacts you and your insurance background. Although your bike was a lease, your rates may increase if there is a claim.
   
   
4. No-Fault Laws Do Not Cover Motorcycle Riders
   The no-fault rules do not apply to bikes, but you should keep responsibility insurance coverage on them. Generally, the majority of plans do not offer motorcycle riders this no-fault protection. For instance, the damage and injuries you cause to others are the only ones your motorcycle's insurance policy covers.
   
   
5. Car Insurance May Cover Motorcycle Accidents
   Several motor vehicle insurance plans directly exclude motorcycles from coverage. A car's insurance coverage may not cover damages caused by a motorcycle collision. As a result, you should be sure to purchase separately from any possible auto or motorbike insurance policy.

Conclusion
Many insurance providers will try to convince you that motorbike insurance is more affordable and sensible than auto insurance. Don't be misled; basic motorbike insurance may not cover your expenses if you are hurt in an accident.

At Jacob Insurance Solutions, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (817) 485-8989. You can also request a free quote by CLICKING HERE. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!